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16. For regulation 35 of the Pension Credit Benefit Regulations (definition of eligible pension credit rights) there shall be substituted the following regulation –
35.—(1) For the purposes of Article 37(3) of the 1999 Order(1), pension credit rights are eligible if they fall within paragraph (2) and are not excluded by paragraph (3).
(2) Pension credit rights are within this paragraph if –
(a)they are derived from rights attributable to pensionable service on or after 6th April 1997 of the member whose pension rights were the subject of a pension sharing order or provision, or
(b)they are safeguarded rights.
(3) Excluded pension credit rights are –
(a)rights to pensions which are money purchase benefits and which become pensions in payment on or after 6th April 2005, or
(b)rights derived from additional voluntary contributions.”.
Article 37 is amended by Article 257 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))
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